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Navigating the changing landscape of financial reporting
The financial reporting environment in Indonesia has been under greater scrutiny than ever before since the decision made in 2008, to gradually align Indonesian Financial Accounting Standards (IFAS) with International Financial Reporting Standards (IFRS). IFAS has been changing continually for at least the past three years, and will continue to evolve in the years to come. The wide implications of these changes have created new challenges for corporate management. Compliance with standards, changes required to accounting information systems, the need for adequate knowledgeable resources, impacts on expected earnings to report, possible changes to financial ratios impacted debt covenants, and linkage with taxation are among the many complex arising from these significant changes in accounting standards.
PwC is ready to support you to deal with these exceptional changes. With our global network, support tools and guidance, PwC has the breadth and depth of knowledge and technical expertise to help.
For more information on our accounting advisory services, please contact our specialists.
Leasing is an important financial solution used by many organisations. It enables companies to use property, plant, and equipment without needing to incur large initial cash outflows. The IASB announced the new leasing standard in January 2016 – it comes into effect on 1 January 2019.